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Global Smart Capital fiscal Q1 loss widens YOY

Global Smart Capital Corp. said its normalized net income for the fiscal first quarter ended Feb. 29 amounted to a loss of $12,380, compared with a loss of $3,600 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of $19,810, or a loss of 0 cents per share, compared to a loss of $5,760, or a loss of 0 cents per share, in the prior-year period.